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August 2024

Greetings,
You are receiving this newsletter with hopes that you find it informative and entertaining.

If you are thinking of making a move, or just curious about the real estate trend in your area, please feel free to contact us any time. It is our pleasure to help you.

Best regards,
Lyle Longridge

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BC Government Responds to Industry Feedback on Residential Tenancy Act Changes
In the immediate wake of publicly voiced concern from the BC Real Estate Association (BCREA), the BC Government has reversed course on two recent changes to the Residential Tenancy Act (RTA) as they relate to buyers of tenanted properties. 
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LATEST HOUSING MARKET UPDATE FROM GREATER VANCOUVER REALTORS
Newly listed properties registered on the Multiple Listing Service® (MLS®) rose nearly twenty per cent year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver1 housing market.
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Latest housing market update from FVREB confirms a Cool summer market persists in Fraser Valley with second slowest July sales in a decade
Sluggish seasonally-adjusted sales and a continued rise in inventory has the Fraser Valley market slowly shifting to favour buyers.
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Uptick in July Sales Relative to Last Year
It was encouraging to see an uptick in July sales relative to last year. We may be starting to see a positive impact from the two Bank of Canada rate cuts announced in June and July. Additionally, the cost of borrowing is anticipated to decline further in the coming months. Expect sales to accelerate as buyers benefit from lower monthly mortgage payments.
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Factors that Drive the Real Estate Market
Many people are realizing the possibility of making money by investing in Canadian real estate. Investing in real estate is one of the modern ways of making money, but you need to know what you are doing to avoid losing money. Some people make this their occupation and others dabble in it from time to time.
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Dining Room Decorating Tips
The ideal dining room design must be dynamic enough to satisfy the role of a functional feasting ground and provide an intimate setting for a social gathering among friends and family.
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How Credit Score Affects Your Mortgage Rate
Your credit score is a judgment about your financial health, at a specific point in time. It indicates the risk you represent for lenders, compared with other consumers.
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Four Quick Ways to Build Equity in Your Home
One of the primary goals of home ownership should be the building of equity in your home. Equity is simply the difference between the current value of a property and the balance of all mortgage obligations.
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Compliments of
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Lyle Longridge 
Managing Broker/Realtor 
The Partners Real Estate 
lyle@lylelongridge.com 
Cell : 604-812-4076

 

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1409 CHARTWELL DRIVE, WEST VANCOUVER $14,800,000 

 

Come enjoy the best panoramic views that you can ask for in the Prestigious Chartwell neighbourhood. This is a once in a life time opportunity to acquire such amazing property, an over 22,000 SF lot with breathtaking views that no word can convey its magic fully, a completely flat driveway with tons of space for your cars and a 3-car garage and a masterfully designed and built house. This gated property shouts elegance and style. 7,400 SF of practical and immaculately designed living space that boasts 4 ensuited oversize bedrooms on the upper floor, plus another bonus master bedroom on the main floor, completely renovated to the highest standard with top-of-the-line appliances and no expense spared. This home will raise the bar in every possible way. Book your private showing today.

CONTACT THE PARTNERS

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Know what I want?

More great clients like you! Your referrals are always appreciated.

Lyle Longridge
Managing Broker/ Realtor
Longridge Real Estate @ The Partners Real Estate Vancouver
2430 Marine Drive
West Vancouver, BC, V7V 1L1

Email us: lyle@lylelongridge.com
Call us : 604-812-4076

 

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